The Presidency of the House of Representatives announced the approval of the Board of Directors of the Central Bank referred to them by the Governor and his Deputy.
The decision of the Presidency of the House of Representatives approved the appointment of Fakher Boufarna, Osama Al-Saadi, Fawzi Boukhazam, Ali Omran, Reda Gargab, and Amer Karkur as members of the Board of Directors of the Bank.
Last Tuesday, the Governor of the Central Bank of Libya, Naji Issa, and his Deputy, Marie Al-Barasi, referred a list of the Central Bank's Board of Directors to the House of Representatives for a vote.
The Advisor to the Presidential Council, Ziyad Daghim, said in a press statement that the decision of the Presidency of the House of Representatives contained legal violations, including lack of jurisdiction in light of the dispute with the Presidential Council due to the absence of a law to determine employees of sovereign institutions.
Daghim also indicated that the decision violated the law by not specifying the Undersecretary General of the Ministry of Finance responsible for the consistency of financial and monetary policy in the country. Daghim expected a judicial appeal, or the issuance of a new decision by the Presidential Council to correct what he called the “serious violations” that the HoR had once again committed.